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to washington. she owned a house on i lafayette square, a block and a half from the white house. jeepings was a member of the -- jennings was a member of the staff so like it or not, he went back to washington too. he had come of age in washington, serving on the madison domestic staff from age 10 to age 18. he had considered running away when that period of time was up, but instead, in the end, went back to montpelier. after all, that was his home too. he was not ready to never see his mother and other kin again, and he was the only eyewitness who left an account at the desk of james madison, but now, dolly madison was selling month peelier, and that separated jennings from his own wife and children. he had married an enslaved woman at a nearby plantation to month montpelier, and that meant their five chirp, as they came along, were owned by his wife's owner. they had barely been able to get together by once a week, and now, jennings was moving from virginia all together. his wife dies about the same time. now these are motherless children back in virginia. the youngest, only two years o
mint surprised a lot of people today when he announced he is leaving the senate. but staying in washington to run the conservative heritage foundation think tank. he joins us tonight. >> great to be with you. >> bret: why are you doing it? >> if you look at the 2012 election, apparent that the conservatives need to do more to convince americans that ideas will make the lives better. unfortunately in the senate what we have to do is point out bad policy with the president. that is important job. my background is research and marketing to people. to leverage their assets to communicate to all americans we can make their lives bette better, this is a dream job for me. klitcally important. i don't think the republicans will win another national election unless conservatives convince americans the principles will work. then libertarians and independents and democrats can embrace the conservative ideas if americans believe they're the real solutions. >> bret: what do you say to the constituents who say he was my guy? >> i am still that guy. what i have done like help elect good con seventive senators a
in washington. after trading near breakeven for most of the day, the dow moved up in the last hour of trading to close up nearly 60 points. the nasdaq added six, the s&p up almost eight points. >> susie: on capitol hill tonight, lawmakers in the house of representatives are getting ready to vote on a fiscal cliff bill. house speaker john boehner calls it "plan b" and it is expected to be a close vote. the bill proposes to extend tax breaks for everyone making less than $1 million. the move comes as talks to avert the fiscal cliff hit an impasse. darren gersh reports. >> reporter: as washington looks over the edge of the fiscal cliff, democrats and republicans were throwing elbows and getting personal. speaker boehner explained why he pushed the house to vote on a republican plan "b" tonight. >> i did my part, they did nothing. and frankly, i'm convinced that the president is unwilling to stand up to his own party on the big issues that face our country. time is running short. the house will act today, and then it will be up to senate democrats and the president to act. >> reporter: the white
the rest of the world. so 90% of the what happens in growth has nothing to do with washington. it's coming from the private sector itself and we're overcoming a lot of difficulties. on the government side, i think the president's plan is let's grow from the middle out. let invest in the workforce. let's invest in rebuilding the infrastructure of the country. let's try time prove the competitiveness of u.s. industry and we have got to shift to more export and investment-led growth and away from residential investment and consumer spending. i think that's the overview of what he was saying in the campaign. and i think you are right, laura, that the only thick that we were arguing about was high income people's tax rates and should they go back to what they were in the 90's. that would be totally inadequate as a complete plan. i think in 2013, i wish we could do it before, but i think it's going to be 2013, i think we're going to sit down and they probably will hammer out something like a grand bargain. that would be a pretty big accomplishment. that will involve substantial -- will have to i
leave washington without taking care of these folks. >> john nichols, as always, thank you so very much, my friend. that's it for the ed show. ezra klein is filling in for rachel tonight. always good to see you, my friend. >> good to see you too, and happy friday. and thanks to you at home for sticking around for the next hour. rachel's got the night off, but we learned something huge today. we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehne
the latest on the last-minute wheeling and dealing being done in washington. good morning, lisa. >> reporter: good morning, bianna. well, the next 24 hours are critical. the president this morning in his radio address, told lawmakers don't let washington politics get in the way of american progress. so, the last-ditch attempt is on the way to put together a deal. and the ball is in the senate's court. there's nothing like a deadline to force action. the president met with congressional leaders friday for the first time in six weeks. then, proclaimed himself modestly optimistic. but warned -- >> the american people are watching what we do here. obviously, their patience is already thin. >> reporter: with the clock running out, here's the game plan. the democratic and republican leaders in the senate will spend day trying to hash out a bipartisan agreement. >> i'm hopeful and optimistic. >> reporter: but if there is no deal, the president wants an up or down vote on measures he thinks can pass. extending tax cuts for those making $250,000 or less. and continuing unemployment benefits for the m
in washington are calling for more gun controls, the nra wants to fight fire with fire in schools or maybe it's just the deterrent factor that they're hoping for. cnn national correspondent susan candiotti joining me from new york. is that the message that most people expected or wanted to hear from the nra? >> you know, everyone agrees that something needs to change, the question is, of course, is this the moment. armed guards in every school? we're getting different reactions to that. for example, in newtown, connecticut, where the community is still reeling after a shooter blasted his way into sandy hook elementary school and systematically gunned down 20 children and six adults, people are asking is this what we want to do now, put armed guards in every school? here's a sample of opinion in newtown. >> i'm very torn at this point. i'm not happy with the nra. i am not happy with the nra, and i am a gun owner myself. there's just no reason for automatic weapons out there in the public. and clips that discharge so many rounds of ammunition. >> i have many guns. but i don't have a third round
washington and colorado. [ laughter ] it does not make sense from a point of view to focus on. [coughing] >> has. >> barbara is trying to resurrect the fume gang. no online show tonight. thanks for inviting us into your home tonight. that's it for "special report." good night from washington. >> this is the fox report. tonight, we watched it take shape and take aim with you for hours on fox. the christmas day storm with a life-taking punch. and at this hour, the next round is coming. >> have done a lot of damage. people are hurt. >> harris: dozen of twisters slamming a dozen states. >> look at them. >> i have never seen one in real life. it's pretty amazing. >> harris: amazing, but very dangerous. tonight, the destruction unleashed from the sky. and the same storm system dumping snow and creating havoc for drivers. >> i don't care to go back through it. >> harris: flying isn't much of an option with hundreds of flights now cancelled. we will show you where the storm is headed next. this is a fox news weather center. i'm harris faulkner in tonight for shepard smith. we are tracking what h
to repeat. you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern, over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. and needs to stop. >> i just have to repeat, congress, you are terrible at your jobs. i really don't like working with you. we're going to talk a bit later in the show about everybody hates congress and what we can do about that. but as much as the public hates congress, you really get the feeling that congress' approval rating among president obama is in the neighborhood of negative 75,000 percent. and yes, numbers geeks, not a real number. but he seems really tired of working with these people. but there is a way in which congress, and particularly congressional republicans may actually be helping president obama out right now. everybody's always known two things about the cliff. you're alm
're at the new york stock exchange as well looking to open the week on a winning note as washington continues to look for some kind of a deal on the fiscal cliff. >> some kind being the operative words. hello everyone, again. maria is going to be back tomorrow but in the meantime you're stuck with me. let's see what the markets are up to today. the dow holding marginally above water. as for the nasdaq and the s&p, let's get a check on those two as well. they've been kind of positive today, but not superbly so. at least it is a positive start to the trading week. >> now, forget about the number of days -- shopping days until christmas. we're talking about 13 and a half trading days after today how to position your money ahead of what might or might not happen with the fiscal cliff deal. are we ready to go? let's find out how you should be investing. everybody's looking at me like i should not be saying something right now. okay. everybody's there. mandy? >> okay. joining us now we have a cast of thousands. dan mcmahon from raymond james. nathan backrat. and our very own rick santelli. thank yo
begins, it's late july, 1992, and i'm on a flight from washington, d.c. to charlotte, north carolina. i had been an intern that summer up on capitol hill, and one of my regrets of the summer was that i'd never seen strom thurmond. because all my fellow interns said you've got to see strom thurmond. he such an unusual appearance about him. i did know what they meant really your but i had my suspicions. so i'm on the flight and a look ahead in front of me and i see a man who's got kind of orange colored hair practically, so brightly colored. first generation hair plugs. shows you how slow i am that i think to myself, that must be what strom thurmond's head looks like. then, of course, it wasn't strom thurmond. i knew that when people reaching over trying to shake his hand. i wanted to shake his hand, too, because i'd been in d.c. that summer for the first time, and i met all of these politicians i've seen a tv. i was about to go home and speak to my dads rotary club and i wanted to tell them all about the famous people i met up in washington, d.c. and so i was going to try to shake his ha
in washington that started over the weekend. [ cheering ] >> cenk: what i'm amused by is people who see that celebration and go, o, how terrible. we'll talk about it all on tonight's show. you know what time it is, go time. [ ♪ theme music ♪ ] >> cenk: so off and on on this show we talk about money and politics. i think it's the number one issue over all other issues. for once i have an amusing fact about that for you guys. last couple of weeks of the election turns out republican dopers gave $86 million to mitt romney. thinking that he would win and this would put him over the top. oops. wrong again bob. that's not how to worked out. what i love about that, if conservatives were watching "the young turks," they could have saved themselves $86 million. well, it's a good thing they weren't watching. now we turn to big donors and how they influence politics. mitt romney raised 82% of his money from big donors. you may not be surprised by that because romney is a rich donor guy. president obama is a man of the people. most of his money came from small people expect for the except for t
of ours from our radio studio and t.v. studio here on capitol here in washington, d.c. a new poll shows that the most unpopular senator in the entire country is republican leader mitch mcconnell. he's got only 37% favorable rating in his own home state of kentucky, but mcconnell says, that's not true. and he accuses, believe it or not. he accuses president obama of cooking the polls. what a lose her. he's in total denial. yeah. have you ever heard him speak? have you ever looked at him? no wonder he is so be popular. we will talk about that and mosh. first, standing by, lisa ferguson with today's news update. hi, lisa. >> hey, bill. good morning everyone. big news of the day, susan rice is choosing to withdraw her name for consideration of secretary of state. president obama will meet with the u.n. ambassador at the whitehouse today. she made a surprise announcement yesterday and told nbc's brian williams she did wanted any confirmation hearing to destract from president obama's agend ae. she said those of you who know me i am a fighter but not at the cost
a former bookie did a prohibition in washington, d.c. and is back in local history with a new book on the potomac river. where does the potomac river start and where does it in? >> it starts near davis west virginia. it's a ton of ultra girl that comes out of sight of them out and then it ends at point look at which is 11 miles wide. the river is pretty wide at the mouth. in between there's a huge amount of history. there's hundreds of historic sites. essential where our nation grew up on. spent with into a washington, d.c. we think about the washington monument, the white house. people think about the potomac river. why is that? >> what was the last part? >> people think about the white house and the national monument and the potomac river. why is that? >> certain people think about the potomac river, that's one of the things i was trying to push toward. especially for people who live in the washington area, the potomac is seen as an obstacle during their commute to work every day. their driving over it or going under it on the subway. i really want to stress that we have this inc
the storm. >>> and back to work in washington with five days to go. president obama comes back to washington to try to hammer out a deal with the senate, and we're hearing it may come down to the final minute of the year. >>> sticky gas pedals costing toyota $1 billion. the company's plan to put sudden acceleration allegations in their past and how you may we able to cash in on it even if you already sold your car. >>> a packed show ahead. congressman steven latourette of ohio, senator richard blumenthal of connecticut, plus the grinch. it's thursday, december 27th. "starting point" begins right now. >>> well, our starting point, a brutal winter storm battering the northeast and torturing holiday travelers all over the country. here it is on the radar. the system is expected to dump up to two feet of snow on central maine today. six states are under winter storm warnings, pennsylvania, new york, massachusetts, new hampshire, vermont, and of course maine. everyone there could see at least a foot of snow. more than 200,000 customers spanning several states are already without power. more than
. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captionin
, explain to all of us because it appears the lights are out in washington d.c. the president is in hawaii. everyone is home. with all the sides saying that they expect to go over the cliff, it looks pretty likely that that might just happen. >> well, i certainly think that concern is growing. that that's a real possibility at this point. at the same time, thomas, i think there's still so much pressure on all sides so get something done because as he heard joe lieberman said, the consequences would be huge. the economy could potentially slip back into recession. the white house has described this as a working vacation for president obama, but the reality is that negotiations are largely deadlocked on all sides. there have been a few talks going on at the staff level, but the real bulk of this work is going to get done when lawmakers return to washington later this week after the christmas holiday and resume manageses. that's when we're going to see the focus really shift away from the house and on to the senate. of course, speaker boehner tried to get his plan b, alternative bill through t
washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
for the national journal and ruth marcus is a columnist for "washington post." ruth, we'll start for you. if you're a remember of congress or the president -- >> way to go. don't do that to me. >> just for a moment, ruth. go with he. >> all right. >> do you say we need to get this done? and compromise is more important when you look at the screen right now? >> if i'm a member of congress or the president, i say that. am i confident, probably not because your poll is fascinating because the voters are so much more -- so much smarter than the politicians. they're both right about the unlikelihood of compromise. and right about the need for it. but the parties on both sides are also dealing with some pressures from their base voters and the need to not look like they were the ones who were giving in first. and so, that's -- i'm a believer with this speaker about the capacity of washington to pull rabbits out of hats or presents out of stockings, but you can't feel too optimistic right now. >> if you're a member of congress, you're not going to limp to your base i guess is what you're saying there.
't think that's a positive example for children. >> reporter: our new abc washington news post pole shows a majority of americans continue to favor more restrictions on gun ownership. that may be the reason other americans are flocking to gun stores. shelves empty just this week at this north carolina store. >> we've never seen anything like this. we have the christmas business, the hunting season business, and now we have the political business. >> lapierre was pressed time and time again whether he would agree to one change in gun law, he either refused to answer or changed the subject. he finished by saying the gun is the tool. the problem is the criminal. >> let me ask you about another washington story. we're nine days away from going over the fiscal cliff. any progress to speak of today? >> there are a number of members of congress today asking that the president and the speaker try one more time. both republicans and democrats in the senate are saying the chances of that big debt-reducing deal really are lost. it's now a small deal, they expect it out of the senate probably later t
in washington. it ended with the reelection of barack obama. if you could think of adjectives, what would they be to describe these seven years? >> interesting. challenging. sometimes totally frustrating. full of opportunities for the country. there were good times during these 12 years, laced together with some that were not so good. 9/11. the anthrax scare. there were also positive things. the election of barack obama i thought was a very positive statement for the country and moving forward in a way out of a fiscal of this. abyss.thi i could not have imagined a better time to have been here with all of the things that have happened. >> let me ask you to look back over those 12 years and ask what the high point was. >> when we could work together. maybe the single event that would and body that is the gang of 14. john mccain and i put together six other democrats and six other republicans to avoid what was then called the nuclear option, changing the rules, turning the senate into a smaller version of the house, where the rights of the minority caucus are ignored. consequently, we were
'm joined by elise in washington. first u.s. far from the only country to possess drones neen that part of the world, multiple countries do. could the aircraft belong to someone else? >> well, certainly, michael. the u.s. says none of its drones are missing and it follows it could belong to someone else. the united states has identify the 76 countries that use this type of drone country and many u.s. allies in the persian gulf are also using it. but it's unclear how iran got a hold of it anyway. it's possible that it got lost or it had a mechanical failure. it's not clear that it shot down. >> exactly. one of the questions that's been asked, and they've claimed to have done this before, in fact this announcement comes a day to the -- a year to the day after iran claimed to have shot down another u.s. drone and they say that one crashed in the iranian desert. >> that's right. it's a great propaganda for the iranians to say that they shot down a u.s. drone and last year they got so much bang for their buck, by making a toy of this stealth drone and selling it on the streets of tehran. any
.5%. connell: a news alert from washington. you will see it here live from d.c. as we wait for the speaker, we will hear from a guy who says >> whatever god deal is signed, there will be a lot of pressure. boehner will have to cut a deal that raises taxes. their idea of fiscal conservatism, for two decades, has only been about taxes. meanwhile, under current sentiment, underneath him, why don't you finally go after spending. those tea party people will be completely hostile to whatever deal comes up. connell: the reason he is speaker of the house is because of those tea party. the same group that may, if you are right though i drive him out of town. >> he has been systematically pushing tea party people out of committees in order to get his conference more in line. connell: he better kind of followed the line here. >> that is how you organize and discipline. it will hurt the economy without solving the problem. connell: is he supposed to -- that would be characterized as a "grand bargain." if you are right, his job is literally on the line. >> there isn't much of an option. he has not been tal
the politicians in order in washington, self-order and self-restraint. all of those disappeared as a result of the "me" generation and you say that obama is the epitome of a the "me" generation president that he sees things from his perspective and won't bend. >> the original metafor, you do have guardrails on a highway, people drive 75 miles per hour and occasionally someone gets out of control and drives too fast and you don't want them going over the cliff so to speak, you want to protect them. well, that was, i argued back in the 1960's, remember when people were sit inning in the universities, a nonnegotiatable demand. a thing called nonnegotiatable demand and that was society and people became more self-righteous and self-directed rather than understanding we had to operate within certain rules. i do think it has infected washington. i mean, i would call president obama one of the most self-righteous presidents we've ever had. david: president reagan, for example, stood for concrete things and didn't bend on the principles, because they had the guardrails that allowed them, it made it
each other. the clock is ticking in washington. ticking against a dealing. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems like it got worse. i spent a ton of time this weekend hanging with old college chum, grover norquist. he's as certain as ever that republicans who have impure thoughts about violating his no new tax pledge will be targeted at the primary level by tea party members. i'm taking this masterful behind-the-scenes player at his word that he controls almost all the republicans. because almost all of them signed his oath. so a deal could be tough. plus i'm now calling for no vacation without legislation. no vacation without legislation. because the holidays are slated to begin in a couple of weeks. which doesn't give enough time to get the job done. so you have one side that ins t insisting on tax increases, and then you have the other side which has pledged no tax increases which assure those deal can occur. after all, even if the president offered heavy-duty
about it. the only thing being we're relying on our leaders in washington to try to craft some sort of solution. >> did you have quotes around the word leader then? i'm only watching your lips. if you were to type that, would there be quotes around leaders? >> yes. >> thank you. i rest my case. >> i'm willing to take those quotes off. >> if they show that they are truly leaders without quotes. >> i come to work every day, my tallahassee paycheck, still in my wallet. i was a reporter. i made $137 a week. and if i had seen that go down to 127, i would have been angry. that was my subsistence. there are people who play for dinner in this country and their subsistence are on the line and they're going to be furious. but they're not going to get furious until they see their paycheck. >> it's going to impact gdp in the first quarter, and the second quarter. americans are feeling like they're protected from the democrats? because they're in lower income households? but they won't be. their paychecks will be less because the payroll tax cut will be gone. the amt, also gone. that will affect
in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new year's day. a lot of people wish they could go back in time and do things differently. that's the way people are talking in washington about this fiscal cliff. feeling as if this thing suddenly got off the rails. take a listen to mitch mcconnell last night talking about the pace of the negotiations here and the frustration that he's experienced going through all of this over the weekend. take a listen. >> now, i'm concerned about the lack of urgency here. like we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that action is necessary. >> so now all eyes are focused on the senate for 11:00 this morning when they do reconvene. there were reports
to pull off that syntax, though. at this point i think we've got to assume that the washington people, they can't get it together. we've got to gird ourselves for a cliff, make sure that we understand what the dive will look like, and focus on things that are easier to gauge, namely earnings and remembering that if you get aggressive ahead of falling off the cliff you're just going to do poorly. so with that in mind here's your game plan for next week. kicking things off is general electric. okay? i think this is really important. why? because this is the most important talk about the whole -- give you the whole panoply here. and my charitable trust owns ge, and part of that is because we believe it's a terrific play on several huge international themes. energy, conversation, natural gas use, aerospace, health care for worldwide aging population. i expect ge to be very upbeat. i think jeff immelt's going to tell a good story. some of that's because the company just boosted its dividend by 12% today p. you don't do that if you're doing poorly. the meeting will be the most talked about
to go up. but we only run the house. democrats continue to run washington. >> call me a hopeless optimist, but i actually still think we can get it done. >> eamon javers live in washington. eamon, fascinating to look at that tape in retrospect. >> i think a lot of people in washington think the make-or-break deal making sessions have already happened here. and one republican senator i talked to this morning said there are very low expectations now for this meeting at the white house today. and boy, how times have changed, carl. just watching that tape that you just ran. one of the things that i'll be watching for when i'm standing on the white house north lawn this afternoon is whether or not these four congressional leaders come out as they did back in november and talk to the press after the meeting. we've had a lot of meetings at the white house where people have left very quickly, gotten into a suv and driven off the complex without talking to reporters. if they come out to those microphones after this meeting and come out together, i think that will be a hopeful sign that pe
the whites of their ey in washington. right? i mean, you're waiting to see what happens with this fiscal cliff? >> i am. i tell you, i think that the christmas gift people are getting right now is to sell above 13,000. we were surprised we're not getting a deal. i'm surprised the market's as firm as it is and it is very easy to overthink this. well, must be firm. the bulls are strong. hey, we go higher. i think that's not the read at all. i think the initial reaction we got when they sent the house of representatives home on thursday night is what we're going to see when they don't get a deal done to the end of the year. i think there is no way. >> you think the market has it wrong here by being this high. >> i do. i think ultimately we're being tropical depression up by the 90 billion a month in fed liquidity but i think that comes home to roost probably as we get closer to the end of the year. the only way we have a shot to get a deal at the end of the year or maybe even early in january is if we have market pressure. right now the market is supplying no pressure to these politicians.
is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will return to washington wednesday or thursday and try to hammer out a deal. most likely a short-term deal to get us pa
of his father. brian todd, cnn, washington. >>> tanks, armored cars roll into egypt as protests target president morsi. michael holmes will weigh in on all this. >>> john mcafee arrested after being on the run. he is wanted for questioning about the death of his neighbor in belize. we're going to show you the video of his arrest. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> tanks, armored personnel carriers rolled into the area. this is near the presidential palace. they were scattering crowds of protester that is were fighting in the streets, and many egyptians now are angry at the president saying that he has now made himself a dictator. mohammed morsi spoke j
well that in washington when you're talking about obligating a future congress to make cuts, that's not a deal. and that's the same hook that republicans have always gotten hung on in previous negotiations with democrats when rate increases are on the table. so republicans are saying, look, we'll go 37%. we may even talk about 39%, but we want to see real cuts that are right now, not something that you're going to obligate the congress of 2020 to do because that's not going to happen. >> but that's fine, michael, but that's not what they're saying. >> that is what they're saying. >> no, no, no. boehner wrote a letter in plain english, typed it out, no rate increases, period. not no rate increases -- >> come on. steve, like that means something? >> hold on. so he wrote that letter. the president said we're not going to move from 39%. the president -- >> no, he did not say that. >> let me finish. the president subsequently said we can meet them halfway, and boehner did not rule out a 37% number. >> no, he briefly didn't rule it out, and then he ruled it out. >> it's still on the tab
'll be available for talks, adding ohio has both cell phone service and airports. darren gersh, nbr, washington >> susie: that stalemate over the fiscal cliff weighed on the markets today, despite some encouraging reporton the economy. investors shrugged off news that initial jobless claims fell more than expected during the latest week, retail sales bounced back in november, and wholesale prices declined last month. by the close, the dow tumbled 75 points, the nasdaq fell 22 and the s&p was off nine points. despite that pessimism, many investment managers and analysts are feeling optimistic about 2013. a new investor survey says the u.s. stock market will be the best performing stock market in the world. for details, john rogers joins us. he's c.e.o. of the cfa institute that conducted the survey. so john, the u.s. stock market ranked as the best performer. if we look at the charge of coming in in second place, china and brazil. why the vote of confidence considering all these concerns about the fiscal cliff? >> you're right, susie. it's interesting. it's a happy holiday season for investors.
for a new congress to put the pieces back together in the new year. darren gersh, "n.b.r.," washington. >> susie: well, roger altman is confident democrats and republicans will strike a deal and avoid falling off the fiscal cliff. he was deputy treasury secretary in the clinton administration and is now executive chairman and founder of evercore partners. >> susie: roger, so great to have you back on "nightly business report." >> thank you, susie. >> susie: nice to see you. why are you so optmistic there is going to be a fiscal cliff deal? >> i would cite two broad reasons, and then a few reasons specific to the negotiations. first on the broadside, the financial markets, as we've all seen over the past seven to nine days, especially the equity markets, have been rallying strongly in anticipation of an agreement. they're looking right past the fiscal cliff towards improved economic growth in 2013 and 2014. of course, they can be wrong, but on something of this magnitude, they rarely are wrong. second, i think the cost of failure, for both sides, the president and the democrats, and, of
companies and some countries. >> do you plan to stay in washington? >> it depends on what kind of business i can acquire. i have a beautiful wife and i want to spend more time with him and get my golf handicap down to single digits. >> have you thought about the preservation of your papers? what will you do with all that? >> i am sending most of it to indiana university. especially the autism information. i have -- the indiana historical society will get some of my papers. i hope they find a good use for them. >> when you look back over 31 years which went by very quickly, what were the best years? >> oh, gosh, there was good in all of them. the best years from my standpoint was when i was chairman. even the people who work for me said, we felt like we were accomplishing something. we were fighting the good fight. that is one of the things i hold most dear. we were able to put on the gloves, grabbed the sword, and fight for the things we thought was right. >> thank you for spending time with this reflecting back on your ears in washington. -- years in washington. >> we are asking business ow
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